Romania Insider
UAE investors could buy major Romanian football club Dinamo

Abu Dhabi Business Development, an investment group led by the Royal Family in the United Arab Emirates, reportedly wants to buy Romanian football club Dinamo Bucuresti. The investor has reportedly already sent an open letter to the football club, specifying its requirements.

Romanian investor Ionuţ Negoiţă, the majority shareholder of Dinamo, declared openly a few months ago that he was willing to sell the club for the symbolic sum RON 1.

Abu Dhabi Business Development wants the current shareholder to obtain the license for Liga 1 in 2020-2021, but also for Dinamo to remain in the highest league of the Romanian championship at the end of this season.

"We are pleased to inform you that Abu Dhabi Business Development is interested in acquiring FC Dinamo Bucharest (92.3% of the total shares), in accordance with our development strategy for the region. We are aware of the current commercial conditions for taking over the above mentioned package and we are ready to evaluate the fiscal year, as well as to analyze the legal and commercial diligence performed by our representatives. According to our forecast, the required internal approval may take approximately two months. In addition, you should note that, in order to complete the transaction, you will need to obtain the Liga 1 license for the 2020-2021 season and ensure day-to-day operational activities. It is also necessary for Dinamo to remain in Liga 1 next season,” according to the open letter quoted by Ziarul Financiar.

(Photo: Pixabay)

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For a decade, Romania Insider has been your platform of choice for reliable information on all things Romania. We have always been proud of our ability to bring you bias-free reporting but this hasn't always been easy. We have been thinking about making some changes and can't imagine doing this without your feedback.
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Romania Insider
UAE investors could buy major Romanian football club Dinamo

Abu Dhabi Business Development, an investment group led by the Royal Family in the United Arab Emirates, reportedly wants to buy Romanian football club Dinamo Bucuresti. The investor has reportedly already sent an open letter to the football club, specifying its requirements.

Romanian investor Ionuţ Negoiţă, the majority shareholder of Dinamo, declared openly a few months ago that he was willing to sell the club for the symbolic sum RON 1.

Abu Dhabi Business Development wants the current shareholder to obtain the license for Liga 1 in 2020-2021, but also for Dinamo to remain in the highest league of the Romanian championship at the end of this season.

"We are pleased to inform you that Abu Dhabi Business Development is interested in acquiring FC Dinamo Bucharest (92.3% of the total shares), in accordance with our development strategy for the region. We are aware of the current commercial conditions for taking over the above mentioned package and we are ready to evaluate the fiscal year, as well as to analyze the legal and commercial diligence performed by our representatives. According to our forecast, the required internal approval may take approximately two months. In addition, you should note that, in order to complete the transaction, you will need to obtain the Liga 1 license for the 2020-2021 season and ensure day-to-day operational activities. It is also necessary for Dinamo to remain in Liga 1 next season,” according to the open letter quoted by Ziarul Financiar.

(Photo: Pixabay)

[email protected]

Normal

For a decade, Romania Insider has been your platform of choice for reliable information on all things Romania. We have always been proud of our ability to bring you bias-free reporting but this hasn't always been easy. We have been thinking about making some changes and can't imagine doing this without your feedback.
For this, we would appreciate it very much if we could borrow 2 minutes of your day to fill out this survey. 
Thank you for reading Romania Insider!  

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